What is Real Estate supposed to do in Baja Mexico in the next ten years?

[Quixote1818]

I was thinking about investing in a house on a golf course in a beach side development in the town of San Felipe Mexico on the Sea of Cortez about four hours south of LA. Houses are running around $200,000 in this development a walk away from the Ocean and right on the Golf Course. I have a feeling with Baby boomer's about to start retiring in the next five years and with Real Estate so high in California a place like San Felipe which is only four hours away from LA this would be a smoking good deal. Is their something I am missing? Any predictions on what a house like that would be worth in five or ten years?

http://www.sanfelipeinformation.com/san_felipe_baja_real_estate.htm

[cally]

1. What is the ownership agreement?

My understanding is that foreigners can't buy, but instead can have only long term leases. I would try to understand exactly what you are buying and what happens when you sell. I haven't looked into for years so maybe the law has changed.

It sure seems like property will incrase but I never done an analysis of it. I do know one of the concerns of US retirees in foreign countries is that medicare and other insurance often can't be used in another country. Again, that's what I heard but I haven't analyzed it.

[mike_c]

2. the border influence is destroying Baja California....

Personally, I wouldn't live anywhere north of El Rosario or south of the cape region, but then I like *Mexico*.